Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

6.  Stockholders' Equity

The Company's Board of Directors (the “Board”) has authorized a program to repurchase shares of the Company's outstanding common stock from time to time in the open market or directly from stockholders at prevailing market prices based on market conditions and other factors.  In September 2011, the Board increased the authorized number of shares to be repurchased under the program by 1,000,000.  During the nine months ended September 30, 2011, 787,304 shares were repurchased under the program and 108,280 shares were withheld to satisfy tax withholding obligations for the vesting of restricted stock awards.  The shares related to withholding obligations are not subject to the repurchase program.  As of September 30, 2011, the Company was authorized to repurchase an additional 1,352,089 shares under the program.

The Board declared quarterly dividends of $0.15 and $0.13 per share of common stock in each of the first three quarters of 2011 and 2010, respectively, resulting in a total of $11.9 million and $10.1 million, respectively, in dividend payments made by the Company during the nine months ended September 30 of each year.